USD/JPY un-moved at 101.25 after US economic data

Following the release of US economic data, the USD/JPY pair erased all of its tepid gains and is now trading absolutely flat around 101.25-30 band.

Despite of its sharp reversal from weekly high touched on Monday, the pair has found strong support near 101.00 handle. 

The pair, however, failed to gain any traction from mostly in-line with expected weekly jobless claims and an unexpected rise in import price index. 

Next in focus would be Chinese industrial production data during early Asian session ahead of monthly retail sales and consumer confidence data from the US later during NA trading session on Friday.

How strong has the move been?

USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. 

RSI is in neutral territory at 52.53, up from its last hourly close at 51.72, while ADX is ranging above 30 at 22.91, up from 19.55 at the last hourly close.

Looking to a daily chart, we see that RSI is neutral at 39.19. The 200 SMA is currently at 101.48, down from 101.67 at the last period close, and declining on the hourly USD/JPY chart. Moving with a downward trend, the exponential average closing price is 103.01.

Price levels to be considered

We can see next resistance ahead at 101.34 (Hourly 20 EMA), 101.41 (Daily Classic PP), 101.53 (Daily High) and 101.67 (Hourly 200 SMA). Support below can be found at 101.02 (Daily Low), 100.97 (Yesterday's Low), 100.90 (Monthly Low) and 100.84 (Daily Classic S1).